The capital of the UAE is sitting pretty at the top of Global SWF’s latest ranking
Move over, Wall Street – Abu Dhabi has claimed the crown as the world’s wealthiest city, thanks to its impressive Sovereign Wealth Funds (SWFs) portfolio.
This latest accolade adds its recent achievement of being named as the the safest city to live in throughout the world.
With a staggering US$ 1.7 trillion under its belt, the emirate is sitting pretty at the top of Global SWF’s latest ranking.
Global SWF released its latest ranking this week, crowning Abu Dhabi as the world’s wealthiest city by Sovereign Wealth Funds (SWFs), managing an impressive US$ 1.7 trillion as of October 2024.
This figure includes assets from key players like ADIA, Mubadala, ADIC, ADQ, Lunate, ADFD, Tawazun, and EIA.
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Trailing Abu Dhabi are cities like Oslo (home to the world’s largest SWF, NBIM), Beijing (CIC), Singapore (GIC, Temasek), Riyadh (PIF), and Hong Kong (SAFE IC). Collectively, these six cities manage two-thirds of the world’s SWF wealth, amounting to US$ 12.5 trillion.
For decades Abu Dhabi has strategically developed a robust portfolio of institutional investors.
The emirate is home to some major asset owners, including Central Banks (CBs), Public Pension Funds (PPFs), and Royal Private Offices (RPOs) linked to the ruling family.
Altogether, Abu Dhabi’s public capital currently stands at US$ 2.3 trillion, with projections to rise to US$ 3.4 trillion by 2030.
This remarkable growth is a testament to Abu Dhabi’s leadership and commitment to diversifying its economy, cementing its status as a global financial hub.
For further information, visit globalswf.com
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